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Saturday, April 19, 2014

Please follow me on You Tube for the time being as I'm posting my new programs and interviews with various guests on my You Tube channel. At present a shortage of time is preventing me from updating this page frequently so I am concentrating on You Tube presentations for the time being.

Wednesday, February 5, 2014

Today I
spoke at some length with Jim Willie, Editor of The Hat Trick Newsletter
published on The Golden jackass.com website. I have read many of Jim’s reports
since 2009, and heard numerous interviews with him. What has always impressed
me about Jim is the depth of his analysis which far surpasses that of almost
all analysts, even in alternative media. I will be posting the full interview
with Jim in a couple of days because I need to do some editing due to some
minor audio problems. However what I took away from this interview was the
following:

1.The Petrodollar is definitely on
its way out which means that the reign of the US dollar as World Reserve
Currency is almost at an end. The US and Saudi Arabia who were like conjoined
twins till not that long ago are publicly butting heads. It seems that the
Saudi oil fields may truly be running dry and therefore it is no longer
considered a strategic US ally, and is being thrown to the wolves. Iran on the
other hand with a 1/3rd of known oil reserves in the world, and with one of the
largest natural gas deposits in the world is going to play an increasingly
important role as a major oil supplier to Asia and Europe, and will therefore
not be attacked or invaded since it is considered to be of great strategic
importance to China and Russia, and to lesser extent to India, and even Japan
and Korea that depend on oil supply from Iran. Although I did not discuss this
with Jim, I believe Israel which does not have oil or other strategically
important resources will become more isolated and less protected by the US in
the future, much like Saudi Arabia.

2.A lot of oil purchases are already
being settled not in US dollars but in gold, in Yuan, in Ruble and other trade
settlement agreements designed specifically to bypass the dollar. This would
have been unthinkable even 5 years ago, so the world has changed dramatically
since the Great Financial Crisis began in 2007. When we consider the plethora
of bilateral and multilateral trade agreements that have been signed between
various nations, and by various nations and regions with China in particular,
it becomes apparent that the US dollar is not going to lose its Reserve
Currency status in the future; it has already happened to a large extent and
its demise as THE Currency of the World is hastening by the day. Jim Willie,
Jim Sinclair, and Gerald Celente and other well respected analysts and
forecasters are predicting 2014 to be THE year when this demise becomes public
knowledge. This may be the year when China, Russia and other major holders of
US debt notes aka US treasury bonds will begin to dump them openly as they have
been doing stealthily for some time now. Thus will come to pass the seminal
event of this century with far reaching consequences, greater than 9-11, the
collapse of the US dollar.

3.Eastern countries, China in
particular, have been accumulating gold at a fantastic rate. Jim Willie thinks
China may have bought as much as 20,000 metric tons already. Russia too has
been buying gold; India may have as much as 30K tons of gold in private hands
if not yet in Govt. hands. The purpose of this gold accumulation, especially by
China is to bring in a new gold backed currency for trade settlements,
essentially a Reserve Currency to compete with, and perhaps replace the US
dollar. Towards this goal the BRICS nations, Brazil, Russia, India, China and
South Africa have been working towards a Central bank that will be the
mechanism for clearing trade settlements in the new Gold based Yuan or whatever
BRICS currency is created to be a substitute for the US dollar based regime
currently in place for trade settlements. By the sounds of it would be the Bank
of International Settlements, the World Bank, and the IMF rolled into one for
the purpose of creating an alternative to Banking Systems based in the West
that most of the non-Western world considers to be detrimental to their
interests. Without such a mechanism it would not be possible for a non-Western
currency to compete with or replace the US dollar. These radical moves are not
being considered but are being executed at an amazing speed. So barring some
equally radical move by the West such as launching a major war, it appears that
the world is rapidly moving towards an Eastern bloc Financial System instead of
the Western Bloc that has dominated world finances for some 500 years now. When
these plans have been fully executed in the not too distant future, possibly by
the end of this decade, it will mean:

A.A much lowered standard of living
for Westerners, Americans in particular due to loss of purchasing power of the
dollar by as much as 75%. Americans would face at best a Second world living
standard if not outright third world conditions, as seen in parts of Latin
America.

B.A much higher gold price. If there
emerges a true gold based currency or currencies, gold would be re-priced much
much higher than its current price. This would also be true of silver, the poor
man’s gold. Westerners would be well advised to stock up on gold and silver and
other hard assets rather than debt. Be sure to listen to the full interview
with Jim Willie which I will have on YouTube and Blog Talk later this week.

Beginning by disavowing Mario Gabelli of any belief that rising stock prices help 'most' people ("Fed data suggests half the US population has seen a 40% drop in wealth since 2007"), Marc Faber discusses his increasingly imminent fears of the markets in this recent Barron's interview.

Quoting Hussman as a caveat, "The problem with bubbles is
that they force one to decide whether to look like an idiot before the
peak, or an idiot after the peak. There's no calling the top,"
Faber warns there are a lot of questions about the quality of earnings
(from buybacks to unfunded pensions) but "statistics show that company insiders are selling their shares like crazy."

His first recommendation - short the Russell 2000, buy 10-year US
Treasuries ("there will be no magnificent US recovery"), and miners and
adds "own physical gold because the old system will implode. Those who own paper assets are doomed."

Via Barron's,

Faber: This morning, I said most people don't benefit from rising stock prices.
This handsome young man on my left said I was incorrect. [Gabelli
starts preening.] Yet, here are some statistics from Gallup's annual
economy and personal-finance survey on the percentage of U.S. adults
invested in the market. The survey, whose results were published in May,asks whether respondents personally or jointly with a spouse have any money invested in the market,
either in individual stock accounts, stock mutual funds, self-directed
401(k) retirement accounts, or individual retirement accounts. Only 52% responded positively.

Gabelli: They didn't ask about company-sponsored 401(k)s, so it is a faulty question.

Faber: An analysis of Federal Reserve data suggests that half the U.S. population has seen a 40% decrease in wealth since 2007.

Monday, January 27, 2014

he HSBC bank is limiting withdrawals in both the United States and in Britain.

For the life of me, I have no idea why anyone would want to bank in
this criminal enterprise bank. Regardless, isn’t the money your money?
Shouldn’t you be able to do with your money what you want without
justifying the purpose to the bank that you designate to hold your
money?

John Cruz is a former vice president and relationship manager at HSBC. Cruz has made two guest appearances on The Common Sense Show
in which he alleged that he uncovered that HSBC was laundering money
for the Mexican drug cartels through phony shell corporations. He
brought this to the attention of his supervisors at HSBC and was told
to “leave it alone”. When he did not leave it alone, he was fired. Cruz
went to prosecutors in the New York City area. They acknowledged that
they knew what was going at HSBC, but they refused to investigate and
prosecute and DHS and the FBI told Cruz the same thing.

The Cruz revelations leave no doubt that the entire banking system is nothing but a criminal enterprise system.

Wednesday, January 22, 2014

Join me for an exciting and informative 2 hours with hosts of The Weekend Vigilante show featuring Sheila Zilinsky and renowned Climatologist Dr. Tim Ball. Topics covered are Climate Change and Global Warming: Fact or Fiction? We will be waging 'War on Corruption' as per the slogan of The Weekend Vigilantes!

The Weekend Vigilante with Sheila Zilinsky examines what you're not being told on the 6 O'clock news; Hailed as the 'female Alex Jones', she exposes the emergence of the New World Order, world totalitarian government, the steady erosion of the Constitution, national sovereignty and Christian values. She wages war on establishment corruption, corporate fascism, eugenics, martial law and the encroaching police state as well as the unseen hand of evil orchestrating world events.

Dr. Tim Ball, co-author of 'Slaying the Sky Dragon', is a renowned climatologist, environmental consultant and former professor of climatology. He has served on many national committees and speaks internationally, discussing how issues like climate change, water resources, and biodiesels are being politicized and exploited. He was instrumental in exposing Al Gore and others in Climategate.

Tim & Sheila join forces to wage war against corruption on The WEEKEND VIGILANTE

There is something morbidly gruesome and ironic in having the world's
wealthiest people, among them the presidents and central bank heads of
the world's most "advanced" nations, as well as the CEOs of the biggest
corporations, sitting down in Davos - a place where the press passes alone cost thousands of dollars - and discussing global inequality:
the same inequality that their policies and principles are responsible
for. It is even more morbid when one considers that according to a
recent Oxfam report, one that will be used in Davos itself, the
disparity in wealth between the haves and the have nots has reached
absolutely record proportions, surpassing any previous inequality gaps
seen before and during the Great Depression.

Which brings us to the topic of wealth.

By now everyone is familiar with the popular wealth pyramid, which shows that "29 million, or 0.6% of those with any actual assets under their name, own $87.4 trillion, or 39.3% of all global assets."

One can extend that rule of thumb to say that almost half of the world’s wealth is now owned by just one percent of the population, and seven out of ten people live in countries where economic inequality has increased in the last 30 years.
However, for the best visual of the disparity between the haves and
the have nots we go to Oxfam once more, which just penned the soundbite
of the day, and possibly, of the week for suddenly very bleeding-heart
Davos: